Afterpay Shareholders Approve All-Scrip Takeover by Block Inc.
December 13 2021 - 10:14PM
Dow Jones News
By Stuart Condie
SYDNEY--Afterpay Ltd. shareholders overwhelmingly voted in favor
of the Australian buy-now-pay-later provider's acquisition by Block
Inc.
The ASX-listed company on Tuesday said 99.95% of votes cast at a
scheme meeting went in favor of the all-scrip takeover, which
valued Afterpay at about $29 billion when it was announced in
August.
Afterpay said the only remaining condition was the Bank of
Spain's approval for Block's license application.
It said it expects the Supreme Court in Australia's New South
Wales to approve the scheme on Friday, subject to subsequent
satisfaction of the Bank of Spain condition.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
December 13, 2021 21:59 ET (02:59 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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